Launching of the National Industry Environmental, Social, and Governance Framework [i-ESG Framework]

Date: 2 October 2023, Monday

Time: 3:00 PM - 5:00 PM

Venue: Perdana Hall, MITI Tower

EUROCHAM Malaysia received an invitation to partake in the opening ceremony of the Ministry of Investment, Trade and Industry's (MITI) National Industry Environmental, Social & Governance Framework, known as the 'i-ESG Framework,' focusing on Phase 1.0: "Just Transition." Deputy Minister YB Liew Chin Tong presented an enlightening visual on the i-ESG Framework, aligning with the New Industrial Master Plan 2030's mission for a sustainable future and net-zero objectives.

The i-ESG Framework emphasizes four key pillars: standards, financing, capacity building, and market mechanisms, supported by 17 strategies and 50 deliverables to guide businesses, especially MSMEs, towards ESG compliance. Deputy Minister YB Liew Chin Tong highlighted its role as a practical roadmap for businesses, fostering ESG integration and accountability. Phase 1.0 (2024-2026) prioritizes a 'Just Transition' for MSMEs, promoting equitable opportunities.

MITI showcased the resources offered by the i-ESG Framework, including ESG Readiness Assessment (i-ESGReady) and the i-ESG Starter Kit (i-ESGStart), aiding companies in evaluating and reporting on sustainability initiatives. MITI is also organizing clinic sessions to guide 50 companies in initiating their sustainability reports, promoting ESG awareness. Let's embrace this 'Just Transition' as a step towards a sustainable future.

#MITI #SustainableFuture #iESGFramework #JustTransition #EUROCHAMMalaysia30 #EUMYstrongertogether #eurochammy